Executives praise crisis for clues to long-term success: midsize companies look beyond survival by discussing how to generate positive cash flow

Article Abstract:

Many participants of the World Economic Forum's 1998 East Asia Economic Summit agree that managers should take heed of the lessons to be learned from the regional economic crisis. Many midsize company managers are looking for ways to generate a positive cashflow. Strategies range from limiting credit to cost cutting to finding new customers and markets. Wong Ngit Long of Venture Manufacturing says the regional economic crisis benefits companies since cost structure is lowered when currencies go down.

Financial Management, Conferences, meetings and seminars, Economic aspects, Asia, World Economic Forum, Depressions, Economic depressions

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Recalling depressing times: deflation that characterizes global turmoil stirs 125-year-old memories

Article Abstract:

The current state of the world's economy brings about memories of the Great Depression of 1873 and there are enough similarities to formulate a solution, says Michael Taylor of Indosuez W.I. Carr Securities. Taylor adds that US and European central bankers are in the position to avert another crisis. Parallels extend to deflation and other economic forces as well as technological advances that fuel economic growth.

Administration of General Economic Programs, Intnl Economic Policy, Analysis, International aspects, International economic relations, Monetary policy, International finance

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